Nordex (OTCMKTS:NRDXF) Trading Down 10.6% – Should You Sell?

Shares of Nordex SE (OTCMKTS:NRDXF) fell 10.6% during trading on Friday . The company traded as low as $45.77 and last traded at $45.77. 1,813 shares were traded during trading, an increase of 245% from the average session volume of 526 shares. The stock had previously closed at $51.18.

Analysts Set New Price Targets

NRDXF has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a report on Tuesday, April 28th. Finally, Citigroup restated a “neutral” rating on shares of Nordex in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nordex Trading Down 10.6%

The business has a 50-day moving average price of $53.01 and a two-hundred day moving average price of $43.82.

About Nordex

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.